Can I retire at age 68 with 2,150,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$177,545$175,964$174,421$172,915$171,444$165,890
2 years$87,894$86,257$84,670$83,132$81,640$76,096
3 years$58,014$56,370$54,787$53,263$51,796$46,436
4 years$43,077$41,438$39,871$38,373$36,941$31,807
5 years$34,117$32,488$30,942$29,474$28,082$23,188
6 years$28,145$26,529$25,005$23,571$22,220$17,569
7 years$23,882$22,279$20,780$19,379$18,071$13,663
8 years$20,686$19,097$17,623$16,257$14,992$10,823
9 years$18,201$16,627$15,178$13,847$12,625$8,692
10 years$16,215$14,656$13,233$11,936$10,757$7,053
11 years$14,590$13,048$11,650$10,388$9,252$5,769
12 years$13,238$11,711$10,339$9,112$8,017$4,749
13 years$12,094$10,583$9,237$8,044$6,991$3,929
14 years$11,115$9,620$8,300$7,141$6,128$3,264
15 years$10,267$8,788$7,494$6,368$5,396$2,721
16 years$9,525$8,063$6,794$5,702$4,769$2,274
17 years$8,872$7,425$6,182$5,123$4,229$1,905
18 years$8,292$6,861$5,644$4,617$3,760$1,599
19 years$7,773$6,359$5,166$4,172$3,351$1,344
20 years$7,307$5,909$4,742$3,779$2,993$1,131
21 years$6,886$5,504$4,361$3,429$2,679$953
22 years$6,504$5,138$4,020$3,118$2,401$804
23 years$6,155$4,805$3,711$2,840$2,155$679
24 years$5,836$4,502$3,432$2,590$1,937$573
25 years$5,543$4,225$3,179$2,365$1,743$484
26 years$5,273$3,971$2,948$2,163$1,570$409
27 years$5,023$3,737$2,738$1,980$1,416$346
28 years$4,792$3,522$2,545$1,814$1,277$293
29 years$4,577$3,322$2,369$1,663$1,153$248
30 years$4,376$3,137$2,206$1,526$1,042$210
31 years$4,189$2,966$2,057$1,402$942$178
32 years$4,014$2,806$1,919$1,288$852$150
33 years$3,850$2,658$1,792$1,185$771$127
34 years$3,696$2,519$1,674$1,090$698$108
35 years$3,551$2,389$1,565$1,003$633$91
36 years$3,415$2,268$1,464$924$573$77
37 years$3,286$2,154$1,370$852$519$66
38 years$3,164$2,047$1,283$785$471$56
39 years$3,049$1,946$1,202$724$427$47
40 years$2,939$1,852$1,127$667$387$40
41 years$2,836$1,763$1,057$616$351$34
42 years$2,737$1,679$991$568$319$29
43 years$2,644$1,599$930$525$289$24
44 years$2,555$1,525$873$484$263$21
45 years$2,470$1,454$820$447$238$17
46 years$2,389$1,387$770$413$217$15
47 years$2,311$1,324$723$382$197$12
48 years$2,237$1,264$680$353$179$11
49 years$2,167$1,207$639$326$162$9
50 years$2,099$1,153$601$301$147$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $2,150,000, adding $5,547 every year, while hoping to spend $31,554 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 29/41/30 Blend
67$2,150,000$2,150,000$2,150,000$2,150,000
68$2,375,022$2,261,072$2,227,747$2,421,845
69$2,583,701$2,338,291$2,268,803$2,536,822
70$2,812,607$2,418,237$2,310,177$2,657,251
71$3,063,772$2,501,008$2,351,846$2,786,102
72$3,339,430$2,586,711$2,393,786$2,924,127
73$3,642,044$2,675,452$2,435,971$3,072,152
74$3,974,328$2,767,345$2,478,371$3,231,083
75$4,339,269$2,862,505$2,520,957$3,401,916
76$4,740,161$2,961,054$2,563,695$3,585,745
77$5,180,630$3,063,118$2,606,551$3,783,773
78$5,664,671$3,168,828$2,649,488$3,997,321
79$6,196,687$3,278,320$2,692,465$4,227,842
80$6,781,526$3,391,734$2,735,439$4,476,934
81$7,424,531$3,509,218$2,778,366$4,746,353
82$8,131,588$3,630,925$2,821,196$5,038,030
83$8,909,182$3,757,013$2,863,878$5,354,091
84$9,764,458$3,887,646$2,906,358$5,696,872
85$10,705,289$4,022,996$2,948,577$6,068,946
86$11,740,347$4,163,242$2,990,473$6,473,142
87$12,879,189$4,308,568$3,031,980$6,912,573
88$14,132,345$4,459,166$3,073,031$7,390,665
89$15,511,417$4,615,238$3,113,549$7,911,190
90$17,029,187$4,776,990$3,153,459$8,478,299
91$18,699,742$4,944,640$3,192,677$9,096,560
92$20,538,600$5,118,412$3,231,117$9,771,003
93$22,562,865$5,298,541$3,268,686$10,507,167
94$24,791,377$5,485,271$3,305,288$11,311,146
95$27,244,902$5,678,853$3,340,819$12,189,656
96$29,946,318$5,879,553$3,375,172$13,150,085
97$32,920,835$6,087,643$3,408,233$14,200,575
98$36,196,232$6,303,410$3,439,881$15,350,089
99$39,803,120$6,527,149$3,469,990$16,608,497
100$43,775,229$6,759,171$3,498,425$17,986,670